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Show ZCMI Hopes to Pass Sales Average director and vice president, who was named to succeed Harold H. Bennett. Co. Oakley S. Eans, president of ZCMI, told the annual share-hol- d rs Tuesday meeting that the company plans to beat last years sales gain of 7 4 percent and hopes to beat a 10 percent increase predicted for the general merchandise industry in 1973. It was the first appearance As for earnings: We hope to meet or come close to last years performance," which totaled $1,615,944, or $4 53 a share. Earnings, he said, will be under pressure from the cost of ZCMI's Phase I move. That involves moving the store's sales departments into the before an annual meeting by Mr. Evans, a native of Utah and a retired J. C. lennev new bui'ding to the south June with completion of the IB, move hoped for by July 4 Then the old ZCMI will go down, its fucade to be restored as an arcade for the rest of the multimfliion-dolla- r to be comshopping mall pleted sometime in 1974 or spring of 1975 The meeting was held in the Founder s Room of Zions Fust National Bank ZCMI S.L. Firm Nearing Merger chairman Harold B Lee, who is president of the Church of Jesus Christ of Latter-daSaints, presided y Summit International Corp , dirtnbu-tu- r Salt Lake fur electronic calculators, will merge into Trans Atlas Corp of .' astiington under terms of an agreement signed bv both companies The surviving company. operated as a wholly owned subsidiary of Trans Atlas, will continue to be known as Summit International City-oase- d Evans said that during the Phase I period, the downtown store will make do with Mr about 65 percent of the amount of sales space it formerly had Hopefully there will be a few hundred parking spaces by Christmas, he said The traditional rapid readof the annual report-no- tes and all by Dean R. of the Williams, secretary firm, was modified this year by a condensation of the items ori the balance sheet ing was innovation An Gor-der'- m, .. s presiding over a brief style show of the latest in men s and women's golf and tennis wear Ti.e meeting was wrapped up with a crisp recapitulation m the form of minutes and hams. pie-pare- d iftowim The Avis Memorial Day Weekend Special: $16 a day Unlimited mileage. Weve got your So get moving. moomigiit SALE MAY 23rd 7 IP' to 1 S551 3601 (tPI) - The merger is subject to ratificrion by Summit International shareholders. llanl A $34 million factory to nuke 1U.OOO tons of synthetic tobacco v early will be built at Ayrshire, Scotland, by Imperial Tobacco. Ltd a spokesman said Called N'SM. for New Smoking Material, the svnthetic tobacco has passed rigorous health tests, the company said , 36030 Call 484-764- 4 WEST MAZDA RX2 4-D- R. Cash Price $3,777 95. 1st Payment and Security Deposit of lease to fit $100.00. Open-en- d your budget. 36 months. Pius Tax Garff 7 8 SOUTH & STATE Stale Increase!? Interest Pav The Salt Lake City company currently markets calculators manufactured by Trans Atlas' Nuclear Controls subsidiary. and Electronic Corp., also based here. Summit International s earnings in 1973 totaled $133. 529 Its unaudited financial statement on March 31 showed total assets of SI. 542.000, and liabilities for first-quart- The Utah State Depository has increased the rate of interest banks must pay on certain maturities ot public funds deposits ot $190,000 or more The increase is to be effective Wednesday, according to W. Smoot Bnmhall. president of the board. The new rates reflect the increased rates m the money market, he said. They are as follows On certificates maturing 30 to 59 days, 6 percent, m no change; maturing in 60 to 89., days, 6'4 percent, up from 6 percent: matt1 ring lit 90 to 179 days. 6!s percent, no change, maturing in 1MI to 359 days. 6!2 percent, no change, matur4 ing in 360 Hays and longer. percent, up lrom 6'-- j percent. There is no change on certifor less than $100,000. which are now receiving the allowable rate maximum under the Federal Reserve icates Board's Has Radial Tires and Tinted Glass tMiam PH.521-646- 6 bm ffli a m wim m mm. Fly to Miami or Fort Lauderdale for only more than our regular Caribbean cruise fares. Fly to San Francisco for only Banker Gains Ira more than our regular Alaskan cruise fares. you take a 7 or 14 day Sitmar cruise, .ve'll throw in your coach air fare at a 11 price you lind hard to resist But you'll to take have advantage before December 15, 1973. Make your plans today. Come cruise in luxury, served by a superb Italian crew. Enjoy spacious r r staterooms, - J spacious decks, conexcellent ' tinental cuisine and professional entertainment. See your Travel Agent or call Also ask about A Music Festival at Sea, Opus III, departing Los Angeles October 12. Ii 4. Ike" Hearn, retired president and general manager K of Boyles Bros. Drilling Co., has been elected chairman of the Utah Section. American Institute of Mining. Metallurgical and Bank Commercial Security has announced promotion of II. Thomas Davis to vice president and manager of its office at 130 W. 21st South. Petroleum Engineers He succeeds J Keith Hayes, west- ern district geologist lor U.S. Steel Corp. Named vice chairmen were Joe B. Rosenbaum, research director of the Salt Lake City Metallurgy Research Center, U.S. Bureau of Mines, and J. T. "Jack" Crawford, mining engineer with the Utah Copper Division, Kenneeott Copper Corp. Secretary treasurer is William D. Bachman, section head. Process Dev elupment Plant ot NL Industries, Inc slum Division He has been an assistant vice president at the branch since he joined Commercial Security twe years ago. Previously, he was associated with another local banking system for 18 years A 1950 graduate of the University of Utah, he also graduated from the University of Colorado's School of Banking Oren B. Powell has been elected vice president of Deseret Federal Savings and Loan Assn, and will supervise its mortgage loan department w as Announcement by Emerson L. Hardy, Deseret Federal president. A graduate of Weber College, Ogden. Mr. Powell has more than 20 years experience busiin the sav ness. He also is a graduate of the University of Washington's n Executive Development School. Steel Output Lp WASHINGTON' (I PI) -- Steel output last week rose 2.9 percent from the previous week to 3.105 million tons, the American Iron & Steel Insti- tute reported. in Salt Lake City firm 15 months old is opening its first branch office next month. A only But 6,000 miles away' That's the plan of Richard S. ear-olMorgan. president 25-- v of EXI.M d Corp.. 445 E. 2nd South, an consulting firm. Hell set up shop heart of Tokyo. in d Japan. Limited Partner EXIM, in fact, is a limited partner in the two pizza restaurants with the sprawling Japanese conglomerate, the Sumitomo Group. And it's currently representing several U.S. government is Cruise Canada and Alaska J tds) The T S S Fairsea cf L.berian registry departs San Francisco on .the following Friday cvenmgs for 14 day cruises to Canada and Alaska lime 1. 15, 29, July 13, 27; August 10, 24 Fares range hern $ob to S'. "OS per person based cn double occupancy (twin beds) and spae availability, and inc'...de round trip transportation via a sohedu'ed a'rhne tr ans'ers with luccraue ard porter f from airport to ship Note to Endue players Mr Ed Rouers na'ionally known bridae expert, will be aboard the June 15 and I me 29 cruises and will give free bridge lessons p-- ; - federal agencies as- While Thus far, the fledgling company has negotiated a joint took venture which the Dallas-basePizza Inn into The Shuffle of Papers the local firms seeking to expand their markets into the Orient, Ini forcing the Japanese to re-- " move its trade barriers, Mr. Morgan says, but the sweeping reforms have largely benefited large corporations not the small U.S. businessman. And EXIM's clients are companies whove never exported before. sist the little guy. inquiries', often get lost m the massive shuffle of paperwork, he con- tends. A Salt Lake City native, he ' was a missionary in Jipan for the Church of Jesus Christ of Latter-daSaints. And as a student at the University of Utah, he worked for two summers in Yokohama for a Japanese trading company. y Joe S. Bollinger Jr., EXIM's vice president, will manage the local office. FOR CONTRACTS! NEED A youve sold youi home on a leal estate contrail, you can convert that eonliait equity into cash For lull details visit or phone any mortgage loan counselor at edeial Savings. Prudential 155 Last 35rd South. Salt 1 Lake City. I 3:s-4()(- uh. Phone BUILDING? Office Warehouse Plant We provide site, plans & building For Lease or Sole CAPITOL INDUSTRIES. Call Mr Romney: INC. 486 84C9 ) MASTER Lease PLAN For . . . Large Companies Small Companies Individuals Talk to the man with the MASTER LEASE PLAN Official of SEC Schedules Utah Address John R Evans, a commissioner of ttie Securities ard Exchange Commission, will, address a dinner meeting of the Utah Association of Certified Public Accountants Thursday at 7 p.m. at the Rodewav Inn, 154 W'. 600 South. Evans was bom Mr Anz., what a difference dealing with a See ford Chevrolet Continental Mercury Mark IV Cadillac Pontiac Oldsmobile Trucks Foreign Makes MASTER LEASE, INC. Phone 487-570- 4 157 West 33rd South, Salt Lake Offices In: Denver, Las Vegas m in Bis-be- He was graduated from the University of Utah in 1957 with a degree in economics. lie earned a masters degree in economics fiom the university in 1939. Mr Evans is a former economics assistant to Sep W'al- lace F. Bennett, He "as appointed to the SEC in March 1932. LONDON Commodity Options Puts Calls Any Make or Model The T S S Fairwind of Liberian registry departs Pert Everalades (Fort Lauderdale) every Saturday eve.nna year 'round for 7 day cruises to the exct.c Caribbean Fares ranue from $343 toJ-vper person based and cn double ccc .ranev (twin er a:e avd.lab.!:! and include round tr.p transportation via a 1'S.ed aH.no transfers with luggage and porter tips from ; a rcc't to s!..p - export-manageme- makes Cruise the Caribbean Mange- Firm to Expand 6,000-Mil- e Hop Deseret Elects LEASING EXPERT it . in 1962. It H4I IVIItUMt Mr y, Regulation Bnmliall said AlME's Utah Section Elects Computer Time Model 973 PugeO Section C $1,409,000 Rotary Engine Avis. We try harder. 521-447- LONDON Wednesday Morning. May 23. 193 Hi AVAILABLE 2700 1 Evans IMan Tobacco business 1 Eves Sales Gain FaiR man vauey SOUTH For only $16 a day, Avis will rent a you sparkling new Plymouth Satellite or other fine intermediate car. And unlimited mileage is included. No matter how far your escape route takes you. You pay only for the gas you use. Rate is good from 6 p.m Thursday, May 24th, to noon, Tuesday, May 29th. Minimum rental, two days. Car must be returned to location where rented. Naturally, with this very special low rate, there are no discounts. It's going to be a big, busy weekend. So call Avis now and reserve. That way, when you get here, well have the engine running. Salt Lake City Salt Lake City Airport 10 P.M. S. Oakley fait falttfribtme Under terms of the tentative agreement, Summit Internationa! shareholders will receive 71,000 shares of $1 par value Trans Atlas stock. The bloc amounts to 8 percent of all outstanding or subscribed Trails Atlas stock as of May -- wilt ZCMI coonnator Joyce unit Buines Todav in s & Doubles Backed by London Exchange For Information & Brochure Ph. (801)486-843- 6 or write: Marketing Investment 501 lost 1700 South Soltloke City, Utah 84105 24-h- Commodity Quotes ' |